The last Whitepaper I read suggested we had not even achieved 50% of the total.

Here are the stats:I have total into the house $55kCurrent value is around $70-75kI owe about $20kMy PITI is $425/moCurrent rent paid $895/moI would obviously be making money off the sell but I am also giving up a stream of revenue if I can't find something else to buy should the option be exercised.

I think Jon and I are saying the same thing in that you probably don't know enough about the total costs of this deal without a preliminary title report and the help of title company.

The numbers can totally be manipulated depending on the neighborhoods called for the survey, etc.

That means your comps need to be similar to the subject or if a comp is used that is not similar, the adjustment can not exceed the adjustment per centages (10%), when you have two that are not similar your total adjustments will usually be exceeded.That basically means that burm and underground homes are rarely financed in the secondary market.....I know, I did two of them and it was like pulling hen's teeth, as I recall the LTV was 70 or 75% too.So this will limit yoiur market to cash buyers or those obtaining portfolio bank financing usually at a low LTV, forget about selling to the average family with 10% down.To get rid of it, you may need to seller finance it long term.

Add the 2 totals to determine the max amount to pay for the MHP.

Your total amount today is detailed below.2.Stay and face forced eviction by local law enforcement.

If so then here is the cash flow:$14,940 :Annual Rent- $1494 :Vacancy @ 10%$13,446: Gross Income- $1,345: Repairs at 10%- $2,110: Taxes- $1,163: Insurance- $ 336: Utilities @ 2.5% (Covered for vacancy)- $4,953: Total Expenses$ 8,493: Net Operating Income- $8789: Mortgage Payment of $732.38 x 12 Months- $ 296: Before Tax Cash Flow.It is going to cost you $25 out of pocket every month to own this property - that is if everything goes well.

A home office deduction is based upon the square footage of office space over the total square footage of the home including basement.You may deduct miles related to a rental from property to property.

Totally painless process.